Vista’s $140 Million Acquisition of 50% working interest in the Aguada Federal and Bandurria Norte Concessions in Vaca Muerta

Bruchou, Fernández Madero & Lombardi advised Vista Oil & Gas on the transaction.
Martinez de Hoz y Rueda advised Wintershall DEA Argentina S.A.

Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) has agreed to acquire on January 18, 2022, through its subsidiary Vista Oil & Gas Argentina SAU, a 50% operated working interest in the Aguada Federal and Bandurria Norte concessions (the “Assets”), located in the Vaca Muerta shale oil play, from Wintershall DEA Argentina S.A. (the “Transaction”).

Through the Transaction, Vista will acquire 25,231 net acres, increasing its total acreage in Vaca Muerta to 183,084 acres. The Company will also add up to 150 new well locations to its Vaca Muerta portfolio, totaling up to 850 identified new well locations. The final closing of the Transaction shall take place upon the issuance of a decree by the Province of Neuquen approving the assignment of the Assets to Vista.

Vista has agreed to pay a purchase price of US$140,000,000, of which US$90,000,000 are payable on or prior to January 18, 2022, and the remaining US$50,000,000 are payable in 8 equal quarterly installments starting April 2022. Additionally, the Transaction effectively cancels the carry consideration of US$77,000,000 the Company had assumed on September 16, 2021, when it acquired the initial 50% working interest in the Assets.

Bruchou, Fernández Madero & Lombardi advised Vista Oil & Gas with a team including Javier Rodríguez Galli (Picture), José María Bazán, Nicolás Dulce, Hernán Alal, Ramón Augusto Poliche and Franca Stafforini.

Martinez de Hoz y Rueda advised Wintershall DEA Argentina S.A. with José Martínez de Hoz (h), Pablo Rueda, Tomas Lanardonne, Maximiliano Batista, Pablo Nisim Schreiber, Valeria Celesti, Santiago Hearne and María del Mar Lapeña.

Involved fees earner: Hernán Alal – Bruchou, Ferna?ndez Madero & Lombardi; José María Bazán – Bruchou, Ferna?ndez Madero & Lombardi; Nicolás Dulce – Bruchou, Ferna?ndez Madero & Lombardi; Ramón Augusto Poliche – Bruchou, Ferna?ndez Madero & Lombardi; Javier Rodríguez Galli – Bruchou, Ferna?ndez Madero & Lombardi; Franca Stafforini – Bruchou, Ferna?ndez Madero & Lombardi; Maximiliano Batista – Martínez de Hoz & Rueda; Valeria Celesti – Martínez de Hoz & Rueda; Santiago Hearne – Martínez de Hoz & Rueda; Tomás Lanardonne – Martínez de Hoz & Rueda; María del Mar Lapeña – Martínez de Hoz & Rueda; José Martínez de Hoz (h) – Martínez de Hoz & Rueda; Pablo Nisim Schreiber – Martínez de Hoz & Rueda; Pablo Rueda – Martínez de Hoz & Rueda;

Law Firms: Bruchou, Ferna?ndez Madero & Lombardi; Martínez de Hoz & Rueda;

Clients: Vista Oil & Gas S.A.U. ; Wintershall Dea;

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Author: Ambrogio Visconti